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economy is stronger than you think. the problem isn't the u.s. economy it's the world economy. and i think the world economy is much weaker than you think. and don't take my word for it simply look at global indices, particularly emerging markets and most importantly china the number two economy in the world. china today closed on the loss of t -- lows the year. china is significantly underperforming. i don't believe the u.s. in this global economy the u.s. can effectively go it alone. that's what the stock market has done so far but i don't think it's sustainable. >> brian westberry what do you think, will china hold up our recovery? >> i don't think so. look back at 1989, japan back then was the second largest economy in the world. it collapsed. and then in the 1990s the u.s. economy boomed. >> first we had a very severe recession in the early '90s. >> it wasn't very severe but we had a recession. we boomed in the 1990s. we already had our recession. swrap has been down for 20 years. if that's all we get i'll take it. the bottom line is what's driving -- >> the point i want t
economy is stronger than you think. the problem isn't the u.s. economy it's the world economy. and i think the world economy is much weaker than you think. and don't take my word for it simply look at global indices, particularly emerging markets and most importantly china the number two economy in the world. china today closed on the loss of t -- lows the year. china is significantly underperforming. i don't believe the u.s. in this global economy the u.s. can effectively go it alone. that's...
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i think that they see a huge amount of slack in the economy, the jobs economy. i think they look at that u6 that looks at the participation rate, the work of part-time workers, and they see a lot of room for error also look at the inflation numbers, which they believe to be under control now and into the foreseeable future. i think as i've said for a long time, the debate is not about now until september or august. i think, again, we're setting up for an interesting jackson hole speech by bernanke if we keep going at this rate. it always seems to work out that way. i think the issue is just the fed by 1 trillion, $700 billion worth of stuff. if that $300 billion is enough to make you nervous, then go ahead and be nervous about that. i think if they end up not doing $300 billion it's because you have that additional stimulus or additional strength in the economy. >> okay. rick, thank you, sir. steve, thank you, sir. scott? >>> all right. coming up, we're going to continue our what's working series with a list of stocks that could make you some money in the retail
i think that they see a huge amount of slack in the economy, the jobs economy. i think they look at that u6 that looks at the participation rate, the work of part-time workers, and they see a lot of room for error also look at the inflation numbers, which they believe to be under control now and into the foreseeable future. i think as i've said for a long time, the debate is not about now until september or august. i think, again, we're setting up for an interesting jackson hole speech by...
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the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our strategic guidelines. but i think when you get those pension funds, those institutional investors, and even some retail investors actually saying, gosh, for the last 25 years, bonds have been a great place to be, they're not anymore. that's when i think we see that moving. i don't know if we're there yet. >> if you put money into equities, where do you want to be? >> we're trimming some of our high-yield exposure now. we started doing that in january. we're taking an additional step right now and adding further to our equity exposure. we're focusing on large-cap stocks.
the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our...
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we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of that from tax increases, half from spending cuts. she has a $100 billion of stimulus put in there. this is while the house republican party is marking up its budget committee resolution. no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year con
we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of...
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the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do that in the very near term. i think it's going to take, you know, two, four, six years to get to a point where we can clear up some of the issues that we're dealing with on tax policy and on our long-term spending priorities. >> even as those long-term issues worsen during that period of time. we'll have to leave it there. gentlemen, thank you both. great to see you both this morning. president obama will meet with a group of ceos at the white house today to discuss ways to improve cybersecurity. the president will solicit input on how the government and private sector can best work
the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do...
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economy. but i'd add to that that there are some peculiarities in the calculation of the dow that aren't present in the s&p. for example, when charles dow originally commuted the dow jones industrial average, which was just 12 stock s at the time all he did was take all of the prices of the dow, added them up and divided by 12. >> it was an average. >> it was an average. by contrast, s&p weights everything by market cap. and that produces some weird results. so, for example, coca-cola is three times the size of caterpillar, but only weighs as about half as much as caterpillar does in the computation of the dow jones industrial average. ibm, because of its price, is four times the size of your average dow component. so it creates some distortions. >> got it. rod, why would you say the dow? it's more widely followed, clearly, by the individual investors, but you think that's the more important index, necessarily? >> i think it entirely depends, bill, on what you're trying to get from looking at
economy. but i'd add to that that there are some peculiarities in the calculation of the dow that aren't present in the s&p. for example, when charles dow originally commuted the dow jones industrial average, which was just 12 stock s at the time all he did was take all of the prices of the dow, added them up and divided by 12. >> it was an average. >> it was an average. by contrast, s&p weights everything by market cap. and that produces some weird results. so, for example,...
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economy. so i'm not concerned about the economy. so why am i concerned about the market? well, look. i think the market can take a breather. that's all i'm saying. a better entry point, which again, is all i'm saying. let me tell you though, why i think that you could get a better place to buy. just wait for it. first, as of today the dow has now been up for eight straight days. what does that mean? it means going forward we are due percentage-wise, statistically, to a defeat here. do you know that in the last dozen years we have never had a winning streak of longer than eight straight-up days? not once! not once, have we only had eight straight days, in the black five times before in the last 12 years. so not -- never had nine straight days. and only five times in the last twelve years. and only ten instances we were up seven days in a row. in those cases, a week after the streak was over, the market was only up half the time. and a month later the market was either flat or down 80% of the time. so right now the odds do not favor using tomorrow as a good entry point. oka
economy. so i'm not concerned about the economy. so why am i concerned about the market? well, look. i think the market can take a breather. that's all i'm saying. a better entry point, which again, is all i'm saying. let me tell you though, why i think that you could get a better place to buy. just wait for it. first, as of today the dow has now been up for eight straight days. what does that mean? it means going forward we are due percentage-wise, statistically, to a defeat here. do you know...
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that the economy, the stocks are very similar. first of all, we're also washington centric these days and so conditioned that the only thing that matters is tax policy even if taxes were so much higher in the roaring bull market and they were scared of their own shadows and they were hated or shunned by people who talk about it. case in point, retail sales. this morning it came out and they were terrific. you should not be shocked if you watch this show that we had the best retail numbers, hardly a month goes by, and stores are telling me over and over again that the things are very strong and the thesis-mongering bears, and the expiration of the payroll tax holiday is devastating. the sequester is devastating, too. it is true that going over the fiscal cliff could have been horrendous and it destroyed confidence, but it certainly cured that. ever since then, the economy is better than anyone seeps to want to talk about. we hear talk that it isn't. those bears endlessly drumming these negatives into our heads and they're thumb-see
that the economy, the stocks are very similar. first of all, we're also washington centric these days and so conditioned that the only thing that matters is tax policy even if taxes were so much higher in the roaring bull market and they were scared of their own shadows and they were hated or shunned by people who talk about it. case in point, retail sales. this morning it came out and they were terrific. you should not be shocked if you watch this show that we had the best retail numbers,...
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samsung unveiling its latest economy. we'll find out what's up for apple, and more. >> and up next, a new milestone. ] ♪ ♪ ♪ >>> the world's largest travel site tripadviser just hit a new milestone, 100 million reviews on its site on its 19 brands and counting. steve kaufner. welcome to the program, sir. it's nice to have you here. >> this 100 million mark has come and last year it was 100 million travelers who have been on your sites and now it's 100 million reviews and this time it's testament to the power of your relationship with facebook. >> facebook is certainly a part of it, but it's really a test am to the worldwide interest in reading reviews and opinions from so many of your fellow travelers. 100 million reviews and opinions and this is from a monthly user base of about 200 million folks visiting the tripadviser sites each and every month across the globe. >> yeah. just on the subject of facebook, that ipo obviously taught a lot of investors to obsess about monetizing mobile. you are very relaxed about mob
samsung unveiling its latest economy. we'll find out what's up for apple, and more. >> and up next, a new milestone. ] ♪ ♪ ♪ >>> the world's largest travel site tripadviser just hit a new milestone, 100 million reviews on its site on its 19 brands and counting. steve kaufner. welcome to the program, sir. it's nice to have you here. >> this 100 million mark has come and last year it was 100 million travelers who have been on your sites and now it's 100 million reviews...
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economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still ten points away. that's not going to happen here. but we will head towards the close. we'll have more closing bell coming your way in just a moment. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helpin
economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still ten points away. that's not going to happen here. but we will head towards the close. we'll have more closing bell coming your way in just a moment. zap technology. arrival....
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we're expecting the global economy to grow over 3% this year. it's a reflection of our view that the back end of 2013 will be loaded with economic growth. that would really benefit the cyclical stocks. >> we will see that next month. >> thank you very much. we are waiting for the 115 cardinals to tell us whether they have picked a new pope. that sea gull has left the chimney there. it is nighttime in rome. white smoke indicates they have reached a consensus with 2/3 plus one voting for a new leader of the roman catholic church. black smoke? no decision. at this time we are just watching and waiting along with the rest of you. >> and the man behind the dennis rodman, kim jong-unmeeting is part of our power meeting when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, t
we're expecting the global economy to grow over 3% this year. it's a reflection of our view that the back end of 2013 will be loaded with economic growth. that would really benefit the cyclical stocks. >> we will see that next month. >> thank you very much. we are waiting for the 115 cardinals to tell us whether they have picked a new pope. that sea gull has left the chimney there. it is nighttime in rome. white smoke indicates they have reached a consensus with 2/3 plus one voting...
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the global economy is slowing. this stock has risen so much and up to $36 that any hiccup in the global economy and jour going to see capex coming down at companies and that's going to impact the bottom line at oracle. 36 seems to be a formidable resistance and finally i'll go jeff goodlock on you and say almost every major firm on the street has a buy rating or overrate rating on oracle. >> another good point, they've all been right. and sometimes stocks do that levitation, it's a formidable company which is why it continues to go higher. >> those macro points are pretty scary when you apply them to any stock. >> true. >> how do you get into a stock if you believe there are all these head winds and business inventories are high, et cetera. >> i'm not into that many stocks, in fact, i bought tlt today, i still have my long position, however i'm trailing. every company out there is subject to all of these macro head winds, doesn't have to be -- i'm not picking on oracle. >> way to go. >> tim, weigh in. >> beaks is r
the global economy is slowing. this stock has risen so much and up to $36 that any hiccup in the global economy and jour going to see capex coming down at companies and that's going to impact the bottom line at oracle. 36 seems to be a formidable resistance and finally i'll go jeff goodlock on you and say almost every major firm on the street has a buy rating or overrate rating on oracle. >> another good point, they've all been right. and sometimes stocks do that levitation, it's a...
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, so the debt is not growing faster than the economy. the realistic goal that both sides are pointing at now. >> maria. >> i sleetly agree with ron. it is an i hadisticly a good idea. i completely agree with the president, but instead of doing it just for the sake of doing it. you look at a family and things that families need to get done, and a family in debt, they could balance their budget in a minute if they decide not to send their kids to college or not to give their grandparents the health care they need. is that smart? absolutely not. we need to do it with the focus on the future. making sure the middle class is educated, healthy and robust. >>> ending gun violence in america through higher taxes? the idea behind a house democratic bill led by linda sanchez. it calls for an additional 10% tax on sales of concealable firearms with the extra money going to fund gun buybacks and safety programs. supporters say it would get unwanted guns off the streets. critics say it's punishes law abiding gun owners. our question, will raising tax
, so the debt is not growing faster than the economy. the realistic goal that both sides are pointing at now. >> maria. >> i sleetly agree with ron. it is an i hadisticly a good idea. i completely agree with the president, but instead of doing it just for the sake of doing it. you look at a family and things that families need to get done, and a family in debt, they could balance their budget in a minute if they decide not to send their kids to college or not to give their...
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that's wrong and we need to get the economy thriving again. for seniors, we need to save, strengthen, and secure. medicare especially. on track right now under current law, the president's plan to go broke within ten years. we believe that is positive to make this happen. >> we heard from the president is the how actually, as much as you say the house not that important, it sounds like the how is everything that balancing for the sake of balancing is going to be on the backs of the same list of people you just mentioned, students, elderly, poor people, that's actually problematic. >> the president hasn't brought his budget to congress this year. supposed to do it on february 4th. we look forward to seeing it. last budget spent $46 trillion. our budget spends $41 trillion, hardly draconian reductions this is a slower growth of spending to get the balance. clearly there is waste in washington. >> congressman -- >> the american people can't stop this. >> congressman, it's howard kurtz. let's talk about your budget. it includes the repeal of obama
that's wrong and we need to get the economy thriving again. for seniors, we need to save, strengthen, and secure. medicare especially. on track right now under current law, the president's plan to go broke within ten years. we believe that is positive to make this happen. >> we heard from the president is the how actually, as much as you say the house not that important, it sounds like the how is everything that balancing for the sake of balancing is going to be on the backs of the same...
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economy. >> you thought that was a joke, right? no. 24. that's the number of umbrellas the sultan of brunei purchased during his last visit to new york city. in 2010, on a whim, the sultan spent more than $500 on novelty umbrellas and over $20,000 on lizard skin handbags. but that was nothing to him. because the sultan spends a lot more than that here in new york. he's worth more than $20 billion. he owns a fleet of more than 5,000 luxury cars and his own 747, which he actually flew himself to the united states. >>> now, his family includes 12 children by three wives. lives in a 1,788-room palace. they also have homes in london, los angeles, new york, and paris. it is a lifestyle that many of us will never experience, to state the obvious. he spent time in the harem, she saw firsthand how they lived. in december 2011, she came "outfront." >> when i went to this supposed audition or casting, it was supposedly to go and entertain rich businessmen in singapore for what at that time was a tremendous amount of money. for me. $20,000. which was
economy. >> you thought that was a joke, right? no. 24. that's the number of umbrellas the sultan of brunei purchased during his last visit to new york city. in 2010, on a whim, the sultan spent more than $500 on novelty umbrellas and over $20,000 on lizard skin handbags. but that was nothing to him. because the sultan spends a lot more than that here in new york. he's worth more than $20 billion. he owns a fleet of more than 5,000 luxury cars and his own 747, which he actually flew...
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like you saw, the american economy is the focal point of how we move forward here. >> president obama knows this. i'm just surprised he hasn't done it earlier. there were two deals here. one is each one had to alienate their own base. reagan increased taxes. o'neil cut benefits. both of them took heat. same thing with bill. clinton and newt gingrich didn't like each other much. both of them had to cut benefits, cut spending and newt gingrich agreed to raising taxes and balancing the budget. left a trillion dollar surplus in the bank. barack obama has to stand up to the base. i'm in the base. he's got to stand up and alienate us: and boehner has to do the same thing against the tea party. it won't happen unless both sides are willing to stand up. >> final question, lance armstrong in a similar way for the way they forgave bill clinton. you were part of that forgiveness process, some would argue, for bill clinton. as long as armstrong got that kind of chance, you think? >> a bit of a disclosure. i've had conversations with his attorneys. i think oprah was a good step, but not enough. he
like you saw, the american economy is the focal point of how we move forward here. >> president obama knows this. i'm just surprised he hasn't done it earlier. there were two deals here. one is each one had to alienate their own base. reagan increased taxes. o'neil cut benefits. both of them took heat. same thing with bill. clinton and newt gingrich didn't like each other much. both of them had to cut benefits, cut spending and newt gingrich agreed to raising taxes and balancing the...
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lease on a 2013 chevy malibu ls for around $233 a month. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch, up to $423. call... today. liberty mutual insurance -- responsibility. what's your policy? >>> to north korea now where we're seeing fresh pictures of leader kim jung un meeting with his troops urging them on with gruesome new threats. the big concern right now, will he try to make good on those threats? our foreign affairs correspondent
lease on a 2013 chevy malibu ls for around $233 a month. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about...
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democrats say that's never going to happen, at least for the foreseeable future, at least until the economy dramatically were to shift and there would be economic growth, 4%, 5%, 6% a year as opposed to the anemic growth right now. it doesn't look good. my own sense is it doesn't hurt to do this charm offensive, certainly doesn't hurt to engage in a discussion, and maybe, when all the dust settles, they can come up with some sort of compromise. they've got until really the end of july, early august. that's when the nation's debt ceiling has to be raised once again and if they don't do it by then, america's crededy worthiness could be endangered once again, a reduction in america's credit rating. there's a lot to discuss. >> you are a hopeful, hopeful man, wolf blitzer. charm is always a good thing. we will see how far charm takes the president with the ideas so die metically opposed. you can join wolf this afternoon as we go inside the tsa's secret store room, on "the situation room" today at 4:00 eastern time. >>> she, of course, came into our lives as a strong and independent rhoda on "th
democrats say that's never going to happen, at least for the foreseeable future, at least until the economy dramatically were to shift and there would be economic growth, 4%, 5%, 6% a year as opposed to the anemic growth right now. it doesn't look good. my own sense is it doesn't hurt to do this charm offensive, certainly doesn't hurt to engage in a discussion, and maybe, when all the dust settles, they can come up with some sort of compromise. they've got until really the end of july, early...
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. >> blue chips have been rallying with some upbeat data on the economy. today wall street will get a new report on retail sales. we are expecting an increase but investors will be watching to see if higher gas prices and the expiration of those payroll tax cuts cause shoppers to pull back. >>> a multimillion dollar settlement over how it collected its map images. the tech giant is paying 37 states a total of $37 million. google admitted three years ago when it sent around cars with cameras to collect images of its street views it collected pass words from unencrypted wi-fi. >> the irs says some tax returns claimed educational credits were filed improperly. the agency is not saying who is to blame but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed and that it's working with the irs to get the refund out as quickly as possible. >>> signs of life on mars coming up why some astronomers say we're closer than ever to answering the big question. >>> wait for a sign. all eyes on the sistine
. >> blue chips have been rallying with some upbeat data on the economy. today wall street will get a new report on retail sales. we are expecting an increase but investors will be watching to see if higher gas prices and the expiration of those payroll tax cuts cause shoppers to pull back. >>> a multimillion dollar settlement over how it collected its map images. the tech giant is paying 37 states a total of $37 million. google admitted three years ago when it sent around cars...
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i'm sure it will be fine >> the sequester could devastate our economy. >> fewer f.b.i. agents kids kicked out of child care program >> fewer air traffic controllers. nearly $4 million could be slashed to provide males for needy shortages. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. >> jon: holy [bleep]. we're doomed. we're going to have to get jobs feeding sick children to old people. why did i only buy the hat? (crying) please tell me there's still time to fix things. >> this is the final countdown. we are just four days from the sequester deadline. >> jon: four days. that's not enough time to do anything. can't even tow a cruiseship of diarrhea to alabama in four days. are they at least working hard on fixing this some >> lawmakers left town for a week-long recess >> president obama played golf with tiger woods in florida last weekend sniem i'm sure tiger woods has a lot of sequester advice. "i don't know, mr. president. did you ever try hitting it with a club?" i don't know. for more on the sequester we go
i'm sure it will be fine >> the sequester could devastate our economy. >> fewer f.b.i. agents kids kicked out of child care program >> fewer air traffic controllers. nearly $4 million could be slashed to provide males for needy shortages. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. >> jon: holy [bleep]. we're doomed. we're going to have to get jobs feeding sick children to old people. why did i only buy the...
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balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out to republicans. and the senate, we are working out a bill to advance a compromise that will protect middle-class families. tomorrow, senator murray will introduce her bill that represent a balanced approach to what we need to do with the economy. on the other side, house republicans are moving further away from a compromise. house republicans are advancing the ryan republican budget that is more extreme and propaganda that we have seen in the past. the ryan republican budget slices critical programs and set of asking the wealthiest to pay more. he is going after education, healthcare, research, pris
balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out...
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economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all o
economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013,...
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and did helps the overall economy. 2/3 of our economy is consumer spending. so you live in michigan, i don't know if you said you lived near the car industry or anything, but what ford understood is he couldn't become wealthy as a car industrialist unless his employees could buy a car. if you don't pay people the minimum wage, you don't give people -- if you don't share in the wealth, then the economy won't grow. you talked about waste, fraud, and abuse, and i do agree with you on that, there are lots of ways we could cut waste, fraud, and abuse. of course the sequester is no way to do it. just taking a hatchet to the budget and cutting out without really looking at ways that we really could trim the budget and eliminate duplicative programs. thank you for your question. host: the president meets with you on thursday. what do you expect from the meetings? what do you think about the way he's been meeting with other republicans and parties when it comes to budget and spending issues? guest: i think the president can't win for losing. when he doesn't meet with
and did helps the overall economy. 2/3 of our economy is consumer spending. so you live in michigan, i don't know if you said you lived near the car industry or anything, but what ford understood is he couldn't become wealthy as a car industrialist unless his employees could buy a car. if you don't pay people the minimum wage, you don't give people -- if you don't share in the wealth, then the economy won't grow. you talked about waste, fraud, and abuse, and i do agree with you on that, there...
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and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it, taking hatchet to the budget without looking at ways we could trim the budget and eliminate duplicative programs. but thank you for your question. host: the president meets with you on thursday. what do you think of the meanings and the way he has been meeting with republicans when it comes to budget and spending issues? guest: when he doesn't meet with people, he is accused of being distant and aloof. when he does meet with us, then he is caving. i know that people in my party become very paranoid and upset -- "oh, he is meeting with those terrible republicans." hos
and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it,...
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giving the economy a chance to recover. to go in with these draconian cuts, not only does it hurt people, but it could hurt the recovery, the overall economy that for the past 35 months has been growing private-sector jobs and digging ourselves out of that deep recession. it could possibly throw us back in it. and i yield back. ms. frankel: what is the logic in taking little children out of head start programs? when we know that the past -- path to middle class, the path to be able to take care of your family, to take care of yourself, to be a tax-paying citizen is education. so i ask you, congresswoman, why would we pass a budget that think ke 27,000 -- i even more, the last sequester bill would take 27,000 kids out of child care, out of head start. and this new budget doubles down. why would we do that? mrs. maloney: i think you pointed out that this budget is not only draconian and unfair, it is filled with contradictions. why in the world would you let these tax breaks continue for big oil companies that are making a pr
giving the economy a chance to recover. to go in with these draconian cuts, not only does it hurt people, but it could hurt the recovery, the overall economy that for the past 35 months has been growing private-sector jobs and digging ourselves out of that deep recession. it could possibly throw us back in it. and i yield back. ms. frankel: what is the logic in taking little children out of head start programs? when we know that the past -- path to middle class, the path to be able to take care...
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when it impacts on the economy has been a decline in tourism. that is related to the security situation. they recognize that. they have internal challenges. >> the real security challenge is internal. street crime has gotten pretty dangerous, especially in cairo. the other question is broader. that is a general direction that they are heading in government lies. there was an election that questions reforms of the constitution in egypt. where is egypt heading? where is the muslim brotherhood or president morsi? is he heavily influenced by them? is there democratic transition? is their push for an islamist type stay? or is there still a flux? >> i think that latter, the third condition is still in flux. the leadership of egypt is influenced by pragmatic aspects and challenges like the state of the economy and the security in the streets. however, at the same time, the ideology is influenced by the muslim brotherhood. that is evident in some of the constitutional provisions, particularly with the rights of women. >> the u.s. policies, u.s. aid poli
when it impacts on the economy has been a decline in tourism. that is related to the security situation. they recognize that. they have internal challenges. >> the real security challenge is internal. street crime has gotten pretty dangerous, especially in cairo. the other question is broader. that is a general direction that they are heading in government lies. there was an election that questions reforms of the constitution in egypt. where is egypt heading? where is the muslim...
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this is a tremendously bad thing for the economy. this is not the right way to do things. we would have preferred them differently. you can always arrive at some interesting figures on job loss. you know, according to the c.b.o., the affordable care act will cost 800,000 jobs. i doubt my friends would work with us to repeal that and save those 800,000 jobs. they've got other objectives there. our on thive in the entire sequester -- our objective on the entire sequester effort is to begin to lower the long-term debt for this country. a debt that is going to undermine the economy and destroy many, many, many tens of thousands of jobs in the coming years. numbers we deal with it -- unless we deal with it. we're making that effort today, the ryan budget committee will be on the floor next week. i know my friends will have an alternative to that. i welcome that. i'm glad they're doing that. they did not do that when they were in the majority. the senate finally for the first time in four years looks like it's going to put out a budget. it's not a budget that i would like, but t
this is a tremendously bad thing for the economy. this is not the right way to do things. we would have preferred them differently. you can always arrive at some interesting figures on job loss. you know, according to the c.b.o., the affordable care act will cost 800,000 jobs. i doubt my friends would work with us to repeal that and save those 800,000 jobs. they've got other objectives there. our on thive in the entire sequester -- our objective on the entire sequester effort is to begin to...
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, on the economy altogether. obamacare includes more than 20 tax increases. the joint committee on taxation estimates that over the next ten years obamacare will raise $1 trillion in taxes. that's $1 trillion from the private sector that's not going to be available to use -- be used to hire new workers. job losses, just in the medical device industry, as a result of the medical device excise tax could total as much as $47,100 or 10% of the medical device industry employment. those job losses are not needed -- those job losses are not driven by market conditions. those job losses are driven by one thing, which is the policy decisions of the federal government to implement obamacare. on march 5, 2013, russell george the inspector general for the i.r.s., testified to the house committee a eption pros. "it is unprecedenced in recent history the amount of responsibility the i.r.s. is being given in an area that most people don't think of as an i.r.s. function." he went on, "this is going to lead to problems." the cong
, on the economy altogether. obamacare includes more than 20 tax increases. the joint committee on taxation estimates that over the next ten years obamacare will raise $1 trillion in taxes. that's $1 trillion from the private sector that's not going to be available to use -- be used to hire new workers. job losses, just in the medical device industry, as a result of the medical device excise tax could total as much as $47,100 or 10% of the medical device industry employment. those job losses...
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growing the economy, not the government. and the house republican budget reflects just those priorities. it's a budget that does something else too. it actually balances. it actually balances. that's important for a number of reasons, not the least of which it would help unleash economic growth and bring down our country's massive, massive debt load. interest payments on the national debt alone are set to exceed everything we spend on defense. interest on the national debt is going to exceed everything we spend on defense in just a few years time. so the path we're on is clearly not sustainable. with that in mind i hope democrats will offer some, something serious today rather than what i hear may be the case. i hope they face up to the fact that they already got the revenue they're going to get. they already got the revenue they're going to get. so they can startle doing with the real issues that are leading us to fiscal ruin. i hope they will finally stop trying to shield the washington establishment from every attempt to
growing the economy, not the government. and the house republican budget reflects just those priorities. it's a budget that does something else too. it actually balances. it actually balances. that's important for a number of reasons, not the least of which it would help unleash economic growth and bring down our country's massive, massive debt load. interest payments on the national debt alone are set to exceed everything we spend on defense. interest on the national debt is going to exceed...
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, dragging down the economy. so, madam president, i come to the floor today to support the amendment by senator cruz because the american people know what they were looking for in health care reform, which was, of course, the care they need from a doctor they choose, at lower cost. and that was not at all provided urn the president's health care law -- under the president's health care law. thank you, madam president. i yield the floor and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from rhode island. mr. reed: madam president, i ask unanimous consent to dispense with the calling of the quorum. the presiding officer: without objection. mr. reed: thank you, madam president. madam president, i rise to speak today in opposition to the cruz amendment which would prohibit any funding in the continuing resolution from being used to carry out the goals of the affordable care act. the broad scope of this amendment clearly indicates
, dragging down the economy. so, madam president, i come to the floor today to support the amendment by senator cruz because the american people know what they were looking for in health care reform, which was, of course, the care they need from a doctor they choose, at lower cost. and that was not at all provided urn the president's health care law -- under the president's health care law. thank you, madam president. i yield the floor and suggest the absence of a quorum. the presiding officer:...
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the fact is he read the economy. he put in place plans for capital cuts and we are investing in the country's infrastructure. >> ed miliband. >> mr. speaker, nevermind more car production. and look, and i think, things are so bad they sent out bareness over the weekend to say and i quote, she has full confidence in the prime minister. [laughter] and that he has and i quote, support from large parts of his party. [laughter] mr. speaker, mr. speaker, -- [shouting] may be he's even got a support from a large part of its cabinet. and just a week from the budget, the home secretary goes out making speeches about the economy. i think the part-time chancellor should talk to him about the budget. and then she gets told off by the children secretary who is hiding down there for jockeying for position. isn't the truth it's not just the country that has lost confidence in the chancellor and his economic plan, it's the whole cabinet? >> the weakness in his argument is that my party has yet in the support for his leadership. as l
the fact is he read the economy. he put in place plans for capital cuts and we are investing in the country's infrastructure. >> ed miliband. >> mr. speaker, nevermind more car production. and look, and i think, things are so bad they sent out bareness over the weekend to say and i quote, she has full confidence in the prime minister. [laughter] and that he has and i quote, support from large parts of his party. [laughter] mr. speaker, mr. speaker, -- [shouting] may be he's even got...
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more spectrum for commercial use and will have more in the pipeline which will help grow our wireless economy. >> i agree. the problem in terms of more intensive spectrum use, the devices were using today, are sometimes more aid intensive than a simple cell phone was 15 years ago. so there's a need on the consumer side. federal spectrum come one of the processes that is established now under as modified by the legislation last year, notification an auction process because i outlined, that is an established process by which the fcc would notify ntia of us federal spectrum that could be reproduced for commercial use. and if we adopt the process and invoke it in a very robust way, that would be fair and flexible for everybody, for federal users, for the fcc and for the private sector. i hope we use it more often. thank you. >> thank you, senator. senator blumenthal. >> thank you, mr. chairman. thank you for holding this hearing, i do want to thank my colleague, senator klobuchar, for her leadership as well on the unlocking bill which i've been very glad and proud to cosponsor. let me ask just ve
more spectrum for commercial use and will have more in the pipeline which will help grow our wireless economy. >> i agree. the problem in terms of more intensive spectrum use, the devices were using today, are sometimes more aid intensive than a simple cell phone was 15 years ago. so there's a need on the consumer side. federal spectrum come one of the processes that is established now under as modified by the legislation last year, notification an auction process because i outlined, that...
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of course, we all of the economy to get better. we would like it to be better soon. as fast as it can possibly be. as that happens, the competition for the best and brightest is going to go out. in that environment, i am concerned that when they are weighing the financial certainty for their families, that they will come down on a different side. >> i think that that is an important question for us. we have an all volunteer military. so i think that we need to be mindful of this because we are competing for the best and brightest and we have been getting it. i believe again, there are magnificent people that raise their right hand and it doesn't seem to much matter. they are all working hard to do the right thing. >> it is preserving mountain there is an impact with what is going on. >> can you comment additionally? >> i agree with everything that you read. i think it is 100% on track. we are impacted in two areas. it impacts our ability to treat more than we need to do that to get this stood out. by singling out the civilian work force, we have done a grave injustic
of course, we all of the economy to get better. we would like it to be better soon. as fast as it can possibly be. as that happens, the competition for the best and brightest is going to go out. in that environment, i am concerned that when they are weighing the financial certainty for their families, that they will come down on a different side. >> i think that that is an important question for us. we have an all volunteer military. so i think that we need to be mindful of this because...
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your knowledge of the potential state and nonstate ability to disrupt the economy in the united states, not strategic command, but atm machines, et cetera. have you done a calculation of the cost of the economy if someone decided to can direct not an intermittent attack on the banking system, but a concentrated attack? >> senator, the attack on our bank is here now with the significant. it would have significant impacts. people can't get to their money. the impact is huge and you've seen it discussed the idea. what i'm concerned about is the service attack could accomplish that. he could make it difficult for people to do online and came, online trading and others. there's the cost of losing that. if you think about amazon, one hour of amazon cost $7 million in profit. there's also a cost that complicates legislation in each of our critical infrastructure portions of our industry have different levels of cyberreadiness review of. so the bank's internet service providers are generally pretty good. the power company is not so good and so the cost for fixing them is significant. they are
your knowledge of the potential state and nonstate ability to disrupt the economy in the united states, not strategic command, but atm machines, et cetera. have you done a calculation of the cost of the economy if someone decided to can direct not an intermittent attack on the banking system, but a concentrated attack? >> senator, the attack on our bank is here now with the significant. it would have significant impacts. people can't get to their money. the impact is huge and you've seen...
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the best thing to do for the deficit is get more jobs and spur the economy. that will bring the deficit down. >> cbo says the deficit for 2013 is about $845 billion down from $1.4 trillion. >> hal: 92% of americans don't know that. >> stephanie: cynthia from chicago, you're on with hal. >> caller: stephanie? >> stephanie: yes. >> caller: i was calling about the ryan budget. i guess he doesn't know the definition of stupid? >> stephanie: he does. it is his budget. >> the definition of stupid is making the same -- asking the same question or making the same statement and expecting a different answers. i guess he thinks everybody is stupid. >> stephanie: exactly. >> here's the thing. they're counting on a certain level of bullheaded stupidity from their constituency. this is the same thing that's happening with the gun laws that are trying to get through or whatever. while 92% of the american people are for it because of how they have laid out a lot of the congressional districts,s they these guys are corn ired into the cookeiest districts ever. if you have a se
the best thing to do for the deficit is get more jobs and spur the economy. that will bring the deficit down. >> cbo says the deficit for 2013 is about $845 billion down from $1.4 trillion. >> hal: 92% of americans don't know that. >> stephanie: cynthia from chicago, you're on with hal. >> caller: stephanie? >> stephanie: yes. >> caller: i was calling about the ryan budget. i guess he doesn't know the definition of stupid? >> stephanie: he does. it is...
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it's a means to a healthier economy, a pro-growth society, a pro-growth economy that delivers opportunity. >> bill: president obama is talking with george stephanopolous says, no, no, no, for paul ryan balancing the budget has become more important than doing the right thing for the american people. >> if you look at what paul ryan does to balance the budget it means that you have to voucherize medicare. you have to slash deeply into programs like medicaid. >> bill: jay carney pointed out yesterday in our briefing at the whitehouse that the other thing about the ryan budget is it is all spending cuts, all cut cut, cut, cut, cut. not one freaking penny of new revenue. >> have you looked at the ryan budget? can you find a single item of tax reform, a single loophole closed? $5 trillion, $5 trillion, man. >> that's a lot of money. not one. >> bill: cuts 5 trillion, doesn't add one penny new revenue. it's totally unrealistic. here's what gets me 866-55-press. this just drives me crazy, that paul ryan in this town and maybe around the country, has a reputation, given him by the media of being
it's a means to a healthier economy, a pro-growth society, a pro-growth economy that delivers opportunity. >> bill: president obama is talking with george stephanopolous says, no, no, no, for paul ryan balancing the budget has become more important than doing the right thing for the american people. >> if you look at what paul ryan does to balance the budget it means that you have to voucherize medicare. you have to slash deeply into programs like medicaid. >> bill: jay carney...
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rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through galzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dres. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your se. and make your business dream a reality. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 9decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting un
rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company...
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>> they're positive to the economy. david: that kind of flies in the face of reality which you mentioned. we have personal income down 3.6% in february. that's a huge drop. that is much less money in your pocket. presumably that would change your buying patterns but it hasn't. >> presumably it would. probably if you average over the entire pop like it does but you look at specific demographics. they may reduce spending my increase because they feel more optimistic about the economy. david: people affected least by drop in personal income are younger folks, who by the way are the most fickle. hardest to choose which company really appeals to their tastes. >> they are the most fickle. they're also the different, most difficult to reach. these are multichannel users. that is one thing we do at experion market services we look at multichannel marketing strategy. they are reaching customers through five different channels, through the web, search, mobile, print, tv. getting to these people is becoming more and more difficult
>> they're positive to the economy. david: that kind of flies in the face of reality which you mentioned. we have personal income down 3.6% in february. that's a huge drop. that is much less money in your pocket. presumably that would change your buying patterns but it hasn't. >> presumably it would. probably if you average over the entire pop like it does but you look at specific demographics. they may reduce spending my increase because they feel more optimistic about the economy....
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is this good news for the economy? after today's retail sales number, deutsche bank upped its forecast for the economy. the economic growth rate, saying the consumer is still spending, despite recent increases in taxes and gas prices. that's unusual, charles. they are saying hey, maybe the economy is going to expand a bit more rapidly. we're ignoring the tax increases. charles: there's two ways to look at this, this is the ironic thing, i wrote about this last night for my morning report about confidence, is this a sign of confidence? i don't think it is. i think this is part of a longer trend which i have been calling the dropout nation. that people say you know what? there is no future, so i'm going to live for today. the federal reserve did a survey not too long ago, for what people save for, what declined dramatically people aren't saving for retirement or education or to buy a home. what increased dramatically to make a purchase and to have liquidity. those are the only things that people are saving for. it was in
is this good news for the economy? after today's retail sales number, deutsche bank upped its forecast for the economy. the economic growth rate, saying the consumer is still spending, despite recent increases in taxes and gas prices. that's unusual, charles. they are saying hey, maybe the economy is going to expand a bit more rapidly. we're ignoring the tax increases. charles: there's two ways to look at this, this is the ironic thing, i wrote about this last night for my morning report about...
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economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: we get a lot of. [indiscernible] economists. some suggesting banks and lending, saying they're not. we have to move more money into the retail space. what say you? >> when we look at the latest lending figures we can see that banks are lending and it is happening across categories, auto loans, commercial and industrial loans, most lagging sector is mortgages but that is even starting to show some signs of life. banks and lending in areas appetite for loans. lou: carl, as we wrap this thing up, what are you still just outrageously bullish on in this market? >> even more so after today's
economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: we get a lot of. [indiscernible] economists. some suggesting banks and lending,...
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that would not kill the economy. we have from zero to 3% before the economy really gets her. i agree with charles, the market can go up even if the fed does raise rates. connell: the idea that you do not have to like the politics. you can like the market. you are not a big fan of some of the things happening in d.c. why does the economy and stock market continued to either do okay or much better than okay? >> this is a great question. on one side we have all of these negative policies. on the other side, is the drivers of growth. inventions, you know, the cloud, smart phones, fracking, 3d printing. we are always trying to balance those two things out. i think this scale and up tipping towards growth. it is not booming like it did in the 90s. it overpowers the negative stuff right now. connell: if at some point the economy continues to improve and the stock market is going up, at some point do you say maybe i am wrong? charles: i will not say i am wrong about that stuff. no matter what side the political aisle you are on, greece did not become greece overnight. america will no
that would not kill the economy. we have from zero to 3% before the economy really gets her. i agree with charles, the market can go up even if the fed does raise rates. connell: the idea that you do not have to like the politics. you can like the market. you are not a big fan of some of the things happening in d.c. why does the economy and stock market continued to either do okay or much better than okay? >> this is a great question. on one side we have all of these negative policies. on...
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i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget. lou: the ryan budget does that in the course of n years, but it makes a huge assumption, as just under 2 trillion that would be derived from the elimination of obamacare. that does nothing, -- does not as i said at the outset seem likely. >> not feasible today, but once obamacare goes into effect it could be that those the observable as well a the possible rationing of health care could create such an outcry that this program would be watered down substantially. lou: do you agree? >> exactly. i think he is right. i don't think it wille overturned. even though it is goi
i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget....
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Mar 13, 2013
03/13
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do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling through the cracks, it may mean that additional grants for cancer research. it is still, even in washington a lot of money. i would like to see each of the agencies look at each of their own budgets. i think we can do further inductions that way, that are sensible that allow us to continue investment in the country and, in fact, increase investments where we need to. melissa: you spoke in the beginning about trying to find a common ground between the two plants. >> i certainly accept the need. i think that is very important. it should not, the cost cost of growing jobs, keeping the economic momentum we shall last month going. that should be our top priority. melissa: a lot of the economists say the debt in and
do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling through the cracks, it may mean that additional grants for cancer research. it is still, even in washington a lot of money. i would like to see each of...
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Mar 13, 2013
03/13
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that says a lot about their economy. that is aa important story. >>> oil futures rose for the fourth straight session. optimism over higher global demand helped push crude up about half a percent, ending at 92.54 a barrel. >>> coming up on "money", a securities scandal hits hill know as the sec slaps the state with fraud charges that it misled investors about the dire state of its finances but are nor states pulling off the same dirty tricks? a top expert joins us to explain. >>> some solid news for small businesses as a new report shows strengthening optimism. two business owners will give us the real outlook from where they stand. do you ever have too much money or too much ammo? ♪ . melissa:ow to the scandal rocking state public pension funds. the securities & exchange commission charged illinois with securities fraud. it is the only the second time in history that federal regulators have accused a state of such a thing. the sec says illinois misled muni bond investors for years about the state's public pension disc
that says a lot about their economy. that is aa important story. >>> oil futures rose for the fourth straight session. optimism over higher global demand helped push crude up about half a percent, ending at 92.54 a barrel. >>> coming up on "money", a securities scandal hits hill know as the sec slaps the state with fraud charges that it misled investors about the dire state of its finances but are nor states pulling off the same dirty tricks? a top expert joins us to...
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Mar 13, 2013
03/13
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and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we consider them competition, they are friends but they are competition, we welcome the competition. rick perry and i saw each other two weeks ago, we said we'll fight for our jobs, he is going to california, i fight for jobs to keep jobs in north carolina, and i'll take jobs from any place, i like to get them from overseas, also some international companies investing in north carolina. and we're having good news success, and the metlife announcement of 2600 jobs with is a positive signal for north carolina, our biggest challenge right now is small ru
and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we...